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A Banking Crisis Looms
General view of the Bank of England, in the financial district known as The City, in London on Aug. 2, 2021. (Alberto Pezzali/AP Photo) A Banking Crisis Looms My columns have turned rather apocalyptic of late, but for a valid reason. Just this week, we got confirmation that our financial system is, again, on the […]
Quantitative easing: how the world got hooked on magicked-up money
© Chronicle / Alamy Stock Photo Quantitative easing: how the world got hooked on magicked-up money Going cold turkey would finish off a dysfunctional global financial system that’s now hopelessly addicted to emergency infusions. The only solution is surgery on the system itself The world economy is a mess. The system, notionally governed by the […]
Humpty Dumpty System is Irreparable
HUMPTY DUMPTY SYSTEM IS IRREPARABLE What does it take to break the global financial system? Well, we obviously know what it takes since the system is already broken. Broken by debts, broken by deficits, broken by a fractured financial system, and broken by false markets as well as fake money. So just like Humpty Dumpty, the […]
Past Point of No Return –John Rubino
Past Point of No Return –John Rubino Financial writer and book author John Rubino sees the world careening toward a debt reset at an increasing pace. Rubino explains, “The coming monetary reset and what that means for gold and what that means for the rest of the global financial system, you don’t need a war […]
Global Financial System Is A Big Rube Goldberg Machine
Global Financial System Is A Big Rube Goldberg Machine While pondering the current economy that is becoming more of a conundrum every day, I stumbled upon an analogy I would like to share. The global economy is like a giant “Rube Goldberg” machine. It is a ridiculously complicated contraption built to perform what should normally be a […]
Paul Singer Warns A 40% Market Crash Is Coming
Paul Singer Warns A 40% Market Crash Is Coming Earlier today, in a stark reversal from its traditionally cheerful demeanor, a Goldman Sachs strategist warned that “purely based on elevated equity valuations, as measured by the S&P 500 Shiller P/E, and current growth, according to our US Current Activity Indicator (CAI), the risk of an […]
We’re Flash Crashing to Hell – Jim Sinclair & Bill Holter
We’re Flash Crashing to Hell – Jim Sinclair & Bill Holter Financial writer Bill Holter and renowned gold and financial expert Jim Sinclair warned last summer there were big problems coming in the global financial system. Today, Sinclair says, “We destroyed everything. We not only destroyed the financial markets, we destroyed society. I’m going for […]
Dollar Dominant & Dangerous – System Not Stable – Catherine Austin Fitts
Dollar Dominant & Dangerous – System Not Stable – Catherine Austin Fitts Investment advisor and former Assistant Secretary of Housing, Catherine Austin Fitts, predicts the global financial system “will take some big hits before the end of the year.” Fitts explains, “Right now, economists say the dollar is ‘dangerous and dominant.’ It’s still, if you […]
The Global Financial System Is Unraveling, And No, the U.S. Is Not immune
The Global Financial System Is Unraveling, And No, the U.S. Is Not immune Currencies don’t melt down randomly. This is only the first stage of a complete re-ordering of the global financial system. Take a look at the Shanghai Stock Market (China) and tell me what you see: A complete meltdown, right? More specifically, a […]
Russell Napier: “Turkey Will Be The Largest EM Default Of All Time”
Russell Napier: “Turkey Will Be The Largest EM Default Of All Time” Regular readers of the Fortnightly will know that The Solid Ground has long forecast a major debt default in Turkey. More specifically, the forecast remains that the country will impose capital controls enforcing a near total loss of US$500bn of credit assets held […]
‘Perfect storm’: Global financial system showing danger signs, says senior OECD economist
‘Perfect storm’: Global financial system showing danger signs, says senior OECD economist The world financial system is as dangerously stretched today as it was at the peak of the last bubble but this time the authorities are caught in a “policy trap” with few defences left, a veteran central banker has warned. Nine years of […]
Panama and the Criminalization of the Global Finance System
Panama and the Criminalization of the Global Finance System dennizn | Shutterstock.com Sharmini Peries: Within a week the 11 million documents called the Panama papers, published by the International Consortium of Investigative Journalists, has become a household name. The documents are connected to the Panama law firm Mossack Fonsesca that helped establish offshore accounts for some of […]
January 1, 2016: The New Bank Bail-In System Goes Into Effect In Europe
January 1, 2016: The New Bank Bail-In System Goes Into Effect In Europe If you have a bank account anywhere in Europe, you need to read this article. On January 1st, 2016, a new bail-in system will go into effect for all European banks. This new system is based on the Cyprus bank bail-ins that […]
The IMF Joins the New Cold War
The IMF Joins the New Cold War On December 8, the IMF’s Chief Spokesman Gerry Rice sent a note saying: “The IMF’s Executive Board met today and agreed to change the current policy on non-toleration of arrears to official creditors. We will provide details on the scope and rationale for this policy change in the […]
